Authored By: Sarah
11 Jul 2024

 Strapping Machine Market Size to grow by USD 1329 million between 2024-2028

According to a research report “ Strapping Machine Market” by Product (Automatic, Semi-automatic) Geography (North America, Europe, APAC, South America, Middle East and Africa)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 1329 million, at a CAGR of  4.5% during the forecast period. The e-commerce industry's rapid expansion, driven by advanced logistics systems from major players like Amazon and eBay, has significantly boosted the demand for strapping machines. These machines are utilized in warehouses to securely wrap goods with plastic or other materials, minimizing mechanical damage and enhancing product safety. Additionally, the implementation of fully automatic strapping machines eliminates labor costs for strapping and improves worker safety, leading to market growth. With the logistics sector adopting technological innovations such as robots, AI, and IoT, the requirement for efficient packaging solutions using strapping machines is escalating, thereby propelling market expansion.

Browse market data tables, figures, and in-depth TOC on “Strapping Machine Market” by Product (Automatic, Semi-automatic) Geography (North America, Europe, APAC, South America, Middle East and Africa) Global Forecast to 2028. Download Free Sample

 

By Product, the Automatic segment is projected to dominate the market size in 2024

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By Geography, North America  segment is expected to hold the largest market size for the year 2024

The strapping machine market is experiencing significant growth due to the increasing demand for automated packaging solutions in various industries. These machines offer enhanced productivity, cost savings, and improved product safety, making them an essential investment for businesses seeking to streamline their operations and increase efficiency. Key market drivers include the food and beverage, pharmaceuticals, and e-commerce sectors, which rely heavily on secure and reliable packaging solutions. Innovations in technology, such as the integration of IoT and AI, are further fueling market expansion.

North America is forecasted to hold the largest market size by region in 2024

The strapping machine market is experiencing significant growth due to the increasing demand for automated packaging solutions in various industries. These machines offer efficiency, cost savings, and improved product security. Key players in this market are focusing on innovation, expanding their product portfolios, and enhancing their technological capabilities to cater to evolving customer needs. The market is expected to continue its upward trajectory, driven by factors such as rising consumer expectations for convenient and safe packaging, and the increasing adoption of automation in manufacturing processes.

The Strapping Machine Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:

  • ASN Packaging Pvt Ltd.
  • Crown Holdings Inc.
  • Crown Packaging Corp.
  • Cyklop International
  • Dongguan Xutian Packing Machine Co. Ltd.
  • Dynaric Inc.
  • Fromm Holding AG
  • Hefei Seelong Import and Export Group Co. Ltd.
  • Hunan ADTO Industrial Group Co. Ltd.
  • Messersi Packaging Srl
  • Mosca GmbH
  • North Shore Strapping Inc.
  • Packmaster Machinery Pvt Ltd.
  • Polychem Corp.
  • Samuel Son and Co. Ltd.
  • StraPack Corp.
  • Tiger Pack Inc.
  • TITAN Umreifungstechnik GmbH and Co. KG
  • Transpak Equipment Corp.
  • VENUS HARTUNG PTY LTD.
.

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Research Analysis Overview

The strapping machine market encompasses a wide range of products used for securing hard and soft packages, from cases and boxes to pallet loads. Strapping materials include steel straps, cable straps, and various types of plastic straps made from polyester (PET) and polypropylene (PP). Strapping machines come in different forms, including mechanical and manual models, as well as power strapping machines with adjustable tension and sensors for improved efficiency. The market caters to various industries, including household appliances, consumer goods, and food and beverages, where wrapping and packaging are essential. The market is segmented into three main categories: automatic, semi-automatic, and manual. Automatic segment machines are ideal for high-volume production, while manual machines are suitable for small businesses or low-volume applications. Hand tools are also available for manual strapping. Elastic memory straps offer added convenience, particularly for irregularly shaped packages. Overall, the strapping machine market continues to grow, driven by the increasing demand for efficient and cost-effective packaging solutions.

Market Research Overview

The Strapping Machine Market encompasses the production and sale of machinery used for securing heavy metal parts and various types of packages in industries such as automotive, consumer electronics, and food and beverages. These machines are essential for operational efficiency in production units, reducing the need for labor-intensive tasks. Automation plays a significant role in strapping machines, particularly in the packaging process, ensuring hygiene and safety for perishable and delicate products. Strapping machines come in various types, including mechanical and manual, catering to different industries and package types. For bulky and hard packages, heavy-duty strapping machines with steel straps are commonly used, while soft packages may require plastic straps or elastic memory straps. Regulations and standards are crucial in the strapping machine market, ensuring safety and stability for workers and consumers. Hygiene and health hazards are significant concerns for industries dealing with food and beverages, making strapping machines with sensors and automatic segment features increasingly popular. Strapping materials, such as steel straps, plastic straps, and cable straps, are also a significant part of the market. Applications range from securing shipping pallet loads to wrapping and packaging household appliances and consumer goods. The strapping machine market is vast and diverse, catering to various industries and package types. Efficiency, package safety, and environmental concerns, such as carbon emissions, are driving innovation in miniaturized and multi-functional devices.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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